Trade Between China and Russia Is Growing

FROM EIR DAILY ALERT

Trade Between China and Russia Is Growing

May 10, 2018 (EIRNS)—Trade between Russia and China may exceed $100 billion in 2018, because of the consistent recovery of the Russian economy and growing market demand, Chinese Commerce Ministry spokesman Gao Feng said, reported Sputnik today.

China-Russia trade totalled $31.2 billion in the January-April period—nearly a 30% increase over the same period in 2017, and may exceed $100 billion in 2018. Gao attributed this to the consistent stabilization of the Russian economy and growth of market demand. Cooperation has expanded between Russia and China in investment, aerospace, construction and infrastructure projects.